Skip to content
Nonprofiteer
← LOKAHI PACIFIC

Form 990 for tax year 2022

Filed by LOKAHI PACIFIC.

Totals

Total revenue
$3,325,034
Total expenses
$3,352,374
Contributions and grants received
$3,086,910
Grants paid
$0
Program service revenue
$237,543
Investment income
$117
Other revenue
$464
Total assets, end of year
$4,312,115
Total liabilities, end of year
$1,261,786
Net assets or fund balances, end of year
$3,050,329
Program services expenses (Part IX)
$2,621,572
Management and general expenses
$730,802
Fundraising expenses
$0
Program service expenses (Part III)
$2,621,572

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,700,892

  • 1f · All other contributions, gifts and grants

    $386,018

  • 2a · Program service revenue: RENTAL INCOME

    total $177,934 · related or exempt $177,934

  • 2b · Program service revenue: FEE FOR SERVICES

    total $59,609 · related or exempt $59,609

  • 3 · Investment income

    total $117 · excluded $117

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $464 · related or exempt $464

  • 11e · Other revenue, total

    $464

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $47,300 · program services $23,650 · management and general $23,650

  • 7 · Other salaries and wages

    total $853,390 · program services $426,695 · management and general $426,695

  • 9 · Other employee benefits

    total $31,346 · program services $25,077 · management and general $6,269

  • 10 · Payroll taxes

    total $135,628 · program services $67,814 · management and general $67,814

  • 11a · Fees: management

    total $3,696 · management and general $3,696

  • 11c · Fees: accounting

    total $26,121 · management and general $26,121

  • 11g · Fees: other

    total $174,826 · management and general $174,826

  • 13 · Office expenses

    total $24,475 · program services $24,475

  • 14 · Information technology

    total $165 · program services $165

  • 16 · Occupancy

    total $55,185 · program services $55,185

  • 19 · Conferences, conventions and meetings

    total $474 · program services $474

  • 20 · Interest

    total $18,527 · program services $18,527

  • 22 · Depreciation, depletion and amortization

    total $64,802 · program services $64,802

  • 23 · Insurance

    total $8,655 · program services $6,924 · management and general $1,731

  • 24a · Other expenses: FISCAL SPONSOR EVENTS

    total $961,129 · program services $961,129

  • 24b · Other expenses: MISCELLANEOUS

    total $924,334 · program services $924,334

  • 24c · Other expenses: BAD DEBT

    total $13,336 · program services $13,336

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,792 · program services $2,792

  • 24e · All other expenses

    total $6,193 · program services $6,193

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,040 · end of year $53,741

  • 2 · Savings and temporary cash investments

    beginning of year $9,616 · end of year $6,447

  • 3 · Pledges and grants receivable

    beginning of year $113,105 · end of year $61,385

  • 4 · Accounts receivable

    beginning of year $1,208 · end of year $302,517

  • 10a · Land, buildings and equipment: cost or other basis

    $2,684,798

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,376,257

  • 10c · Land, buildings and equipment, net

    beginning of year $1,378,205 · end of year $1,308,541

  • 15 · Other assets

    beginning of year $1,929,974 · end of year $2,579,484

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,420 · end of year $179,850

  • 19 · Deferred revenue

    beginning of year $6,003 · end of year $219,271

  • 23 · Secured mortgages and notes payable

    beginning of year $268,231 · end of year $860,840

  • 25 · Other liabilities

    beginning of year $1,825 · end of year $1,825

  • 27 · Net assets without donor restrictions

    beginning of year $3,077,669 · end of year $3,050,329

Mission and programs · 2022

Mission

TO DEVELOP AND EXPAND OPPORTUNITIES AVAILABLE TO LOW-INCOME INDIVIDUALS TO OWN, MANAGE, OPERATE AND GAIN EMPLOYMENT IN BUSINESS ENTERPRISES; TO PROVIDE LOW-INCOME AND PHYSICALLY AND MENTALLY DISADVANTAGED INDIVIDUALS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS; TO ASSIST LOW-INCOME INDIVIDUALS BY PROVIDING DOWN PAYMENTS FOR THE PURCHASE OF A SINGLE FAMILY RESIDENCE.

  • ASSISTED IN THE AVAILABILITY OF AFFORDABLE HOUSING IN MAUI.

    Expenses $1,244,584 · Revenue $178,398

  • LOKAHI PACIFIC PROVIDED SUPPORT FOR ALL AFFILIATED ORGANIZATIONS.

    Expenses $415,859 · Revenue $59,609

  • THE DIRECT LOAN PROGRAM PROVIDED FINANCIAL ASSISTANCE TO SMALL BUSINESSES OPERATING IN MAUI COUNTY AND NEIGHBORING ISLANDS.

  • LOKAHI PACIFIC PROVIDED SUPPORT TO OTHER MAUI NONPROFITS WITH SIMILAR PROGRAMS AND MISSION ACTIVITIES.

    Expenses $961,129

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARK D RECK

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • VIOLA MUNDRICK-WICHMAN

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • SCOTT HAL SMITH PA-C

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • GREG KNUE

    TREASURER

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • REYNOLD BUTCH M GIMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • KLAUS SIMMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • RYAN FUKUSHIMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.12 + 0.88 related

  • REGINA S THIEMAN

    EXECUTIVE DI

    Total calculated
    $85,916
    From this org
    $85,916
    From related orgs
    $0
    Other
    $0
    Hours/week
    19 + 21 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202431369349311393

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.